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Recently, the Solana derivation market has seen remarkable developments. The value of open contracts for Solana futures on the CME (Chicago Mercantile Exchange) has reached 993 million USD, setting a new historical high. This figure far exceeds the 800 million USD peak reached last July after the launch of the first US Solana staking ETF.
This phenomenon indicates that Solana's appeal among institutional investors is continuously increasing. The significant growth of open contracts may suggest that institutions are becoming more interested in Solana, which could have a substantial impact on Solana's market performance.
However, with the warming of the derivation market, investors should also be aware that Solana may face greater price fluctuations in the short term. This increase in volatility can bring both opportunities and risks.
Overall, the development trend of the Solana derivation market is worth close attention. It not only reflects the current market's view on Solana but may also indicate the future direction of the Solana ecosystem. For investors and market participants, understanding the implications of this trend will be crucial.